Wednesday, March 8, 2017

IBM annual report 2016

Taken a look at the financial statement then we see the same trend continuous on and on and on with decreasing revenue stream and decreasing margin. At least the revenue seem to have started to flatten out and for 2016 IBM managed to bring in almost 80 billion USD while it was almost 82 billion USD the year before. The earnings have now dropped down to 11.9 billion USD which is bad considering that it was 13.4 in the previous year and 16.5 billion USD three years ago. Yeah... this oil tanker is not yet turned around.

Conclusion: IBM has very clearly a much longer way to go and there is not much to do about it besides from tucking in and trying to enjoy the ride until Watson rule the entire world! I will remain shareholder for now.